U.K. Parliament Proposes Regulating Non-Asset-Backed Cryptocurrencies as Gambling
The U.K. Parliament has released a 28-page report proposing to regulate cryptocurrencies that are not backed by real assets as gambling. The study stresses that such cryptocurrencies, including bitcoin and ether, could potentially be used for fraud and money laundering. ...
UK Treasury Committee Opposes Regulating Cryptocurrencies as Traditional Assets
Treasury Committee in the House of Commons opposes regulation of cryptocurrencies as traditional assets A group of lawmakers is pushing to equate trading in unsecured tokens with gambling Appears it will reduce risks for investors The UK Treasury Comm ...
Warren Buffett Criticizes Bitcoin as a “Gambling Asset”
Warren Buffett, the renowned investor and head of Berkshire Hathaway, has once again voiced his criticism of Bitcoin, stating that the cryptocurrency is an asset that lacks intrinsic value and is only suitable for gambling. In an interview with CNBC's Squawk Box, Buffett advised "sane investors" ...